42.1 To secure payment of the amount due from clients to a Participant arising from trading of securities, the BSE shall have the right to dispose of all or any securities purchased for the defaulting client, provided that the right of disposition shall subsist until such time as the client's obligation has been fulfilled.

42.2 In case a client fails to discharge his obligations towards the Participant, the BSE may be obliged to authorize the selling of all or any of the securities referred to in sub-Article (42.1) hereof by another Participant. Such a sale shall be made at the BSE without further notice to the said client. The proceeds of the sale (net of commission, costs, fees and expenses) shall be used for the settlement of all the client's obligations towards the Participant.